Finance & Investment
ZOM Living to Develop Ft. Lauderdale Community
The developer will break ground on Las Olas Walk, two eight-story luxury apartment buildings on a 3.2-acre parcel.
On the Market: 5 Interesting Listings for January
This month’s multifamily listings include a community in Vancouver’s Kitsilano neighborhood, apartments overlooking Biscayne Bay in Miami Beach and an asset located within a highly dense urban center in Pembroke Pines, Fla.
HSL Lands $17M in Loans for Tucson Assets
Both loans benefit from Fannie Mae Multifamily’s Green Rewards program, which serves as an incentive for the owner to more efficiently use water and energy.
Pathfinder Expands Phoenix Footprint
The company acquired Vintage Apartments for $18.6 million and Avalon Apartments for $13.7 million, with plans to renovate both communities.
Hudson Capital Buys 512 Units in NC, GA
The company purchased two communities—Cary Reserve at Weston and Willow Trail—for $66 million, with the aim of investing an additional $7 million for capital improvements.
Community Builders Procures $38M to Develop NY Apartments
Cottage Place Gardens Phase III is a 70-unit, mixed-income property in Yonkers. The project involves the replacement of a 1940’s housing project and a deteriorated townhouse.
HFF Secures $28M Refi for OR Community
Director Scott Gilson and Associate Charlie Watson, both on the firm’s debt placement team, represented the borrower of the 10-year loan, which was placed with Freddie Mac’s Capital Markets Execution (CME) program.
Ziegler Closes $95M Financing for Austin Asset
The five-star, CMS-rated community encompasses 301 independent living units, assisted living suites and nursing beds, sponsored by the alumni association of the University of Texas.
Search for Yield Intensifies in 2018: NMHC
Industry experts at NMHC’s annual Apartment Strategies Outlook Conference in Orlando discussed the current “Goldilocks” economy and why 2018 might be tough for investors.
C&W Closes Sale of FL Senior Housing
Chicago Pacific Founders acquired Camellia at Deerwood, a 189-unit independent living, assisted living and memory care facility in Jacksonville.